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To: LeeR who wrote (13425)	11/5/1999 2:00:00 PM
From: SSP	Read Replies (1) \| Respond to of 150070

RCEM - Rochem Environmental, Inc. has been treating waste water generated by a hydrodrilling process at the Chevron refinery in Pascagoula, Mississippi. Another contractor has provided the hydrodrilling service. In order to streamline their contracting, Chevron decided to combine both of these activities under one contract and offered it for bids. The Company was notified on July 2, 1999 that it was not selected as the final contractor for both the hydrodrilling and waste water treatment service. Therefore, as of August 1999, the Company will no longer provide these services, which has been a significant source of revenue for the Company. For the fiscal year ended September 30, 1997, the Company's revenue totaled $1,427,202 of which $768,738 was generated by service work at the Chevron refinery. For the fiscal year ended September 30, 1998, the Company's revenue totaled $1,427,257 of which $772,539 was generated by service work at the Chevron refinery. For the six months ended March 31, 1999 revenue generated by the service work at the Chevron refinery was $400,777 of the total revenue of $1,083,482. The Company is in negotiations for several contracts that range in value from $250,000 to $4,500,000 that the Company believes will be finalized in the near future and which are expected to generate sufficient cash flows to continue to fund operations and meet working capital needs during Fiscal 1999. Management can provide no assurance these negotiations will result in firm contracts.